Retirement plan

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN

Name: CHARLES J. MERLO, INC. - CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN (2019) Form 5500
Creator: CHARLES J. MERLO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN, CHARLES J. MERLO, INC.

CHARLES J. MERLO, INC.EIN 25-1068024Plan #004PY 2019

234 MERLO ROAD - MINERAL POINT, PA 159429719814-322-1545LinkedIn11-50 employeesaccounting

Other plans on this EIN

3 filings

#003Retirement-$3.9M assets #001Retirement-$1.7M assets #002Retirement-$993K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$853K

-4.1% from 2018

Total participants

-4.8% from 2018

Average account balance

$47,409

+1.2% from 2018

Annual return

3.89%

-2.84 pp from 2018

Benchmarks

See 40,740 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,740 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$542K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$49K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$977

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+24.30%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$21493

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$112K

$10192 / participant

Other / not subdivided$112K100.0%

% of EOY assets

13.137%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,409

$107,341-55.8%

$92,897-49.0%

$152,870-69.0%

Participation rate

81.8%

79.8%+2.0pp

76.0%+5.8pp

82.4%-0.6pp

Annual return

3.89%

145.59%-141.7pp

109.42%-105.5pp

345.34%-341.5pp

Employer contribution / active EE

$1,646

$4,221-61.0%

$3,653-54.9%

$4,763-65.4%

Participant deferral / active EE

$1,689

$4,847-65.2%

$4,238-60.2%

$5,850-71.1%

Admin fee / account holder

$6,228

$7,080-12.0%

$5,794+7.5%

$11,597-46.3%

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion